Gold royalty company Sandstorm Gold has announced an $80-million capital raising to fund future acquisitions or streams and royalties, as well as the repayment, from time to time, of amounts drawn under its revolving creditor facility.
The NYSE- and TSX-listed company has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Scotiabank under which the underwriters have agreed to buy from the company, on a bought deal basis, 15.7-million common shares at $5.10 each.
The offering is expected to close on October 4.